How to Exchange Currency in Carpentersville, IL. You bring in your American cash and we use the latest exchange rates to turn it into the currency of your choice. In the state of Illinois, the fees are as follows: 1.4 percent of the face amount plus a service charge of 90 cents on all checks of $500 or less. Illinois tax on new and used vehicles is generally 6.25% but can vary by location. 99 … Operating since 1937, today there are over 500 Currency Exchange stores in Illinois. Click to view a flyer explaining the rates in English or in Spanish.. Right now cashing a $100 check costs $2.40; after the increase it would cost $3.50. We make the process of exchanging currency fast and simple. View foreign exchange rates and use our currency exchange rate calculator for more than 30 foreign currencies. A license renewal sticker starts at $101. Effective July 1, 2018, at Illinois Currency Exchanges. Some of them bring tears of joy, others tears of sadness. The vehicle registration fee is $150. 1.85 percent on checks above $500. Ah, life. The closure of 203 currency exchanges in Illinois in the last 10 years is leading the industry to push for higher fees. Currency Exchange Act provides for the licensing and regulation of community and ambulatory currency exchanges including, but not limited to, enforcement of rules and regulations for rates, records and ratemaking procedures.. Rules & Regulations PART 120 Currency Exchange Act PART 125 The formulation and issuance of schedules of maximum rates for check cashing … They charge a convenience fee for time one would normally spend waiting in long line(s) at SOS. The annual license fee for each community currency exchange shall be $400 for each licensee and $400 for each additional licensed location. (Source: P.A. If you want to be in and out currency exchange is the way to go. But no matter which major life event you find yourself a part of, you can rest easy knowing that we’ve got you covered on the paperwork. If you have time to spare go to the SOS. ; If you’re cashing a personal check, … If you’re cashing a payroll check for $1000 or less, you may see a small increase of less than $1. The cost to cash a check is now determined by check type in addition to check amount.. Currency Exchange & Travel Money at Great Rates | … The annual license fee for each location served by an ambulatory currency exchange shall be $25. We can convert your American dollars to Mexican pesos, Canadian dollars, euros, British pounds, and other currency. So, crunching the numbers, this is what the proposed increase would look like. Currency exchanges are heavily regulated by the state. All fees charged must be posted in a readily visible place inside the currency exchange. NEW CHECK-CASHING RATES. However, the Currency Exchange doesn't cash your checks for free. 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